An Act Establishing A Personal Income Tax Credit For Parents Who Suffer The Birth Of A Stillborn Child.
Impact
If enacted, HB 05107 would add a new clause to the general statutes related to personal income taxation. By creating a tax credit for parents suffering the loss of a stillborn child, the bill would not only provide financial relief but also serve to raise awareness about the issue of stillbirth and its implications on families. This measure might encourage more sensitive handling of similar situations within the state's tax policies and could inspire additional legislative efforts aimed at supporting families through various hardships.
Summary
House Bill 05107 is aimed at establishing a personal income tax credit for parents who experience the birth of a stillborn child. This bill recognizes the emotional and financial struggles that parents face during such a difficult time and seeks to provide some level of support through the tax code. It offers a tangible benefit that acknowledges the loss and aims to alleviate some of the financial stressors associated with this tragic event.
Contention
The introduction of this bill may bring about discussions regarding the state's role in providing financial support through tax credits, particularly for specific types of losses such as stillbirth. While supporters may advocate for the recognition of such tragedies and the financial means to cope with them, critics may question the necessity of tax credits tailored to particular situations versus broader measures that address family support. There could also be debates on the potential budgetary impacts of implementing such a credit on state revenues.